NYX GAMING GROUP LTD 11 PCT DEBS V.NYX.DB

cannacord...why?

[Moderndukes]

Can someone explain why to Canaccord Genuity Corp would trade down 100 share lots all year when they and Macquarie Canada financed 150 million worth of subscription receipts at 2.75.  The warrents at  an exercise price of 3.50 anytime in the next 3 years?  Quantum/stocksnbonds/bohikam/Investor400… would love to hear your opinions

[GMAN66]

because they are bucket shop scumbags whores on bay street as what have you done for me lately  

[Moderndukes]

I see, but what I dont understand is how do they profit from knocking down the sp? Punishment for what? They are the ones that financed open bet deal. I'm sure alot of you guys have seen this before, I just don't t see the logic behind it. Unless you plan on accumulating a boatload more shares at the bottom from weak investors or at the same time they short the same stock they now own

[stocksnbonds]

It is likely retail investors/institutions which are short NYX and wish to pick up shares at a lower price. I doubt it's Cannacord itself. Even if it is, no matter. If the fundamentals of NYX were better, the price would be heading up and the shorts or those who wish to sell incrementally would be purchasing incrementally or covering their small short positions. sb